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Carbon Fiber Prepreg Market

ID: MRFR/CnM/4172-HCR
139 Pages
Chitranshi Jaiswal
October 2025

Carbon Fiber Prepreg Market Research Report Resin (Epoxy Resin, Phenolic Resin, Bmi Resin) Manufacturing Process (Hot Melt Process) End-Use (Automotive, Wind Energy, Sports & Leisure) – Forecast Till 2035

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Carbon Fiber Prepreg Market Summary

As per Market Research Future Analysis, the carbon fiber prepreg market was valued at USD 7.5 billion in 2020 and is projected to reach USD 17.1 billion by 2030, growing at a CAGR of 10.4% from 2024 to 2032. The material is favored for its lightweight and superior mechanical properties, making it suitable for various applications in the aerospace, automotive, and sports industries. However, the market faced challenges during the COVID-19 pandemic due to supply chain disruptions and decreased demand in key sectors. The epoxy resin segment dominates the market, while the hot melt manufacturing process is the most widely used. North America holds the largest market share, driven by strong demand in the aerospace and automotive sectors, followed by the rapidly growing Asia-Pacific region.

Key Market Trends & Highlights

The carbon fiber prepreg market is witnessing significant growth driven by various factors.

  • Market value expected to grow from USD 7.5 billion in 2020 to USD 17.1 billion by 2030.
  • CAGR of 10.4% anticipated during the forecast period from 2024 to 2032.
  • Aerospace and defense industries account for the highest market value among end-users.
  • North America holds the largest market share due to strong demand in aerospace and automotive sectors.

Market Size & Forecast

2020 Market Size USD 7.5 Billion
2030 Market Size USD 17.1 Billion
CAGR 10.4%

Major Players

Cytec Solvay Group, Royal TenCate N.V., Teijin Limited, Toray Industries, Inc., Hexcel Corporation, SGL Group, Gurit Holding AG, Park Electrochemical Corporation, Mitsubishi Rayon Co., Ltd., Axiom Materials.

Carbon Fiber Prepreg Market Drivers

Rising Demand in Aerospace Sector

The Global Carbon Fiber Prepreg Market Industry experiences a notable surge in demand driven by the aerospace sector. The lightweight and high-strength properties of carbon fiber prepreg materials are increasingly favored for aircraft manufacturing. As of 2024, the market is valued at approximately 7.5 USD Billion, reflecting the aerospace industry's shift towards advanced composite materials to enhance fuel efficiency and reduce emissions. Major aircraft manufacturers are integrating carbon fiber prepreg into their designs, which is expected to contribute significantly to the industry's growth. By 2035, the market could reach 17.1 USD Billion, indicating a robust trajectory fueled by technological advancements and regulatory pressures for sustainable aviation solutions.

Key Companies in the Carbon Fiber Prepreg Market market include

Industry Developments

    • In January 2020, Mitsubishi chemical corporation (MCC) A Japanese chemical solutions provider announced the acquisition of a German carbon fiber prepreg manufacturing company, c-m-p GmbH, to strengthen its carbon fiber composite material business.
    • In February 2019, Teijin Ltd, a Japanese IT, and pharmaceutical company, announced the acquisition of Renegade Materials Corporation (Renegade), a leading North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry.

Intended Audience

This report will be beneficial for every stakeholder of the carbon fiber prepreg market such as :

    • Carbon Fiber Prepreg Market Manufacturers
    • Research and Development Institutes
    • Raw Material suppliers
    • Traders and Distributors
    • End-user industries

Future Outlook

Carbon Fiber Prepreg Market Future Outlook

The Carbon Fiber Prepreg Market is projected to grow at a 7.78% CAGR from 2024 to 2035, driven by advancements in aerospace, automotive, and renewable energy sectors.

New opportunities lie in:

  • Develop innovative recycling processes for carbon fiber prepreg waste.
  • Expand applications in electric vehicle components for enhanced performance.
  • Invest in R&D for bio-based carbon fiber prepregs to meet sustainability demands.

By 2035, the Carbon Fiber Prepreg Market is expected to achieve substantial growth, reflecting evolving industry needs and technological advancements.

Report Scope

Report Attribute/Metric Details
  Market Size   2030: USD 17.1 billion
  CAGR   2030: 10.4% CAGR
  Base Year   2023
  Forecast Period   2024-2032
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, manufacturing process, and end user industry
  Geographies Covered   Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa
  Key Vendors   Cytec Solvay Group (Brussels, Belgium), Royal TenCate N.V. (Almeo, Netherlands), Teijin Limited (Osaka, Japan), Toray Industries, Inc. (Tokyo, Japan), Hexcel Corporation (Connecticut, U.S.), SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Mitsubishi Rayon Co., Ltd. (Japan), and Axiom Materials (California, U.S.)
  Key Market Opportunities   The growing demand for fuel efficient car, along with the growing investment in the renewable energy sector
  Key Market Drivers   The growing demand for carbon fiber prepreg in the end user industries

Market Highlights

Author
Chitranshi Jaiswal
Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

How much will the global carbon fiber prepreg market be worth in the future?

The global carbon fiber prepreg market value is expected to be worth USD 17.1 billion by 2035. at a CAGR of 10.4 %

Which region leads the carbon fiber Prepreg market in terms of value?

North America holds the largest carbon fiber prepreg market share among other regions. The greater presence of aircraft and automobile manufacturing units makes it the leading regional segment.

Which end-user industry is expected to have the highest market value during the current forecast period?

The aerospace and defense segment of the global carbon fiber prepreg market is expected to have the highest market value over the current forecast period.

Who are the key players of the global carbon fiber Prepreg industry?

Cytec Solvay Group (Brussels, Belgium), Royal TenCate N.V. (Almeo, Netherlands), Teijin Limited (Osaka, Japan), Toray Industries, Inc. (Tokyo, Japan), Hexcel Corporation (Connecticut, U.S.), SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Mitsubishi Rayon Co., Ltd. (Japan), and Axiom Materials (California, U.S.)

What is the major driving factor behind the growth of the carbon fiber Prepreg market?

The growing demand for carbon fiber prepreg in different end-user industries owing to its several advantages is the major growth driving factor.

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